Prague, 10 December 2009 – The Extraordinary General Meeting of Unipetrol, held today in the City Tower in Prague, was mainly about the obligatory changes required by the new Act on Auditors. The amendments to the Articles of Association were approved and the new obligatory supervising body of the company, the Audit Committee, was established. Sławomir Robert Jędrzejczyk, Piotr Kearney and Ivan Kočárník – members of the Unipetrol´s Supervisory Board – were appointed to the four-person Committee. The other member of the Audit Committee is an independent advisor with extensive accounting and audit experience, Iain Haggis, a British citizen currently living and working in Warsaw. 

The approved amendments to the Unipetrol Articles of Association regulate the position and powers of the Audit Committee and establish its duties. The specific provisions involve, for example, the rules for the Committee meetings decisions, the number of its members, their term of office and co-opting possibilities. 

The Audit Committee’s duties are mainly following (in accordance with the law and the amended Articles of Association): monitoring the procedures for setting up financial statements and consolidated financial statements, evaluating the effectiveness of the internal inspection, the internal audit and the risk management systems of the company, monitoring the procedures of the obligatory audit and evaluating the independence and activities of the statutory auditor. 

Mr. Iain Haggis, who graduated in business and finance at Plymouth Polytechnic (now the University of Plymouth), has more than 25 years experience in finance and accounting. For the last 20 years he has been engaged in senior corporate roles, i.e. responsible for relations with external auditors, for financial statements or for accounting systems and compliance issues. He has been a member of London´s Chartered Institute of Management Accountants (CIME) since 1988 and the founder and the first chairman of the Institute of Management Accounting in Warsaw in 2000. Now he manages his own business, is engaged as the chief financial officer in the private equity company Innova Capital and is a member of the Supervisory Boardof Meritum Bank Gdańsk.

Mr. Rafał Sekuła is responsible for HR in the PKN Orlen Group. He graduated from the Law Faculty of the Jagiellonian University in Cracow. He also has a postgraduate degree in Economics and Management from the University of Economics in Cracow and in 2006 finished an MBA programme at the Polish Open University/The Oxford Brookes University in Warsaw. Before joining PKN Orlen, he has worked for nine years for the largest telecom group in Poland – Telekomunikacja Polska SA. 

CVs of the newly appointed members of the Committee and Supervisory Board can be found in the attachment to this Press Release. The amended Articles of Association, including the amendments approved today, are available on the Unipetrol website: www.unipetrol.cz. 

34 shareholders or their representatives participated in the General Meeting, with the voting rights representing 64,36 percent in total.

UNIPETROL, a.s. is a group of companies operating in the petrochemical industry in the Czech Republic. In 2005 UNIPETROL became a part of the PKN ORLEN Group, the largest oil processor in Central Europe. The UNIPETROL Group is oriented mostly towards oil processing, fuel distribution and petrochemical production. In all of these business areas the UNIPETROL Group is among the key players both in the Czech Republic and on the Central European market. The Group ranks among the leading firms in the Czech Republic in terms of its revenues, and employs more than 4,000 people. 

Contact: 
Blanka Růžičková 
Spokesperson 
UNIPETROL, a. s. 
Telephone: +420 225 001 407, +420 731 881 111 
E-mail: blanka.ruzickova@unipetrol.cz